Banker's pay receives interest

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Michael Geoghegan, chief executive of HSBC, was also testing his teaching skills last week. Taking a Year 10 business class at the Skinners Company girls' school in London, as part of a week of events to celebrate the Teach First scheme, he managed to hold them spellbound. Not because he gave the girls exclusive news of 60 proposed super-banks, with multiple levels and escalators, nor his confusing metaphors about liabilities. They were more interested in how much he was paid.

"Can you tell me what you know about me?" the chief executive asked as he arrived in the classroom. "That you're rich?" one pupil replied. Mr Geoghegan later admitted, to gasps, that he earned more than pound;1.9 million a year.

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